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In
July the monthly average value of the U.S. dollar appreciated against all three
of the major currencies we track: by 2.8 percent relative to the yen, 1.1
percent against the euro, and 1.0 percent against Canada’s loonie. On a
trade-weighted index basis, the dollar strengthened by 0.7 percent against a
basket of 26 currencies.
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The
greenback’s strength is adversely affecting U.S.
The foregoing comments represent the
general economic views and analysis of Delphi Advisors,
and are provided solely for the purpose of information, instruction and
discourse. They do not constitute a solicitation or recommendation regarding
any investment.
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